Industries

• Well established in their sector with strong brand recognition
• We will consider any industry (with a few exceptions outlined below)
  - Not high technology, direct real estate or mineral exploration businesses
  - Not start up or early stage investments
  

Scale and Position

• Businesses with significant size: $50m - $150m enterprise value, or larger with co-investment
• Opportunities with a turnover of at least $50 million, with a preference for larger transactions
• Significant market share, or dominant strategic niche
• Strong and industry recognisable brands
• Established pathway to the customer

Financial Position

• Businesses that are underperforming and in need of extensive operational change to achieve their potential
• While underperforming, usually EBITDA positive, or with a history of profitability, prior to a deterioration in performance

Management

• A high quality management team is in place to execute the turnaround program
• We have a track record of hands on collaboration with management to drive performance improvement

Geographic focus

• Opportunities in the Australian, New Zealand and SE Asian markets